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Corporate Artful Dodgers

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  • Tax Avoidance du Jour: Inversion
  • None of this has anything to do with investment and job creation. 
  • Virtual Economy’s Phantom Job Gains Are Based on Statistical Fraud.

Paul Krugman, New York (NY) Times

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July 27, 2014 | In recent decisions, the conservative majority on the Supreme Court has made clear its view that corporations are people, with all the attendant rights. They are entitled to free speech, which in their case means spending lots of money to bend the political process to their ends. They are entitled to religious beliefs, including those that mean denying benefits to their workers. Up next, the right to bear arms?

There is, however, one big difference between corporate persons and the likes of you and me: On current trends, we’re heading toward a world in which only the human people pay taxes.

The Nobel Prize-winning New York Times Op-Ed columnist Paul Krugman comments on economics and politics.

Full story … 

Related:

Virtual Economy’s Phantom Job Gains Are Based on Statistical Fraud, Paul Craig Roberts, Institute for Political Economy 

  • And More Fraud Is in the Works
  • America has left us. We now have the tyranny of the Orwellian state that rules, not by the ballot box and Constitution, but by force and propaganda.


 

 

Virtual Economy’s Phantom Job Gains Are Based on Statistical Fraud

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  • And More Fraud Is in the Works
  • America has left us. We now have the tyranny of the Orwellian state that rules, not by the ballot box and Constitution, but by force and propaganda.

Paul Craig Roberts, Institute for Political Economy

Submitted by Evergreene Digest Contributing Editor John Stoltenberg

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img/book.jpg July 7, 2014 | Washington can’t stop lying. Don’t be convinced by last Thursday’s job report that it is your fault if you don’t have a job. Those 288,000 jobs and 6.1% unemployment rate are more fiction than reality.

In his analysis of the June Labor Data from the Bureau of Labor Statistics, John Williams (www.ShadowStats.com) wrote that the 288,000 June jobs and 6.1% unemployment rate are “far removed from common experience and underlying reality.” Payrolls were overstated by “massive, hidden shifts in seasonal adjustments,” and the Birth-Death model added the usual phantom jobs.

Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. 

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Related:

Austerity%20Measures%20Graphic.jpgAusterity Is Poisoning The Economy, In 2 Charts, Mark Gongloff, Huffington Post

  • "Congress has severely damaged the economy with deep spending cuts in a misguided attempt to solve a short-term debt crisis that simply does not exist," wrote Center for American Progress (CAP) economists Harry Stein and Adam Hersh.
  • How Austerity Wrecked the American Economy

 

Austerity Is Poisoning The Economy, In 2 Charts

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  • "Congress has severely damaged the economy with deep spending cuts in a misguided attempt to solve a short-term debt crisis that simply does not exist," wrote Center for American Progress (CAP) economists Harry Stein and Adam Hersh.
  • How Austerity Wrecked the American Economy

Mark Gongloff, Huffington Post

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original.jpg 7/16/2014 | Austerity is like a bad tattoo: It's going to be with us, causing misery, for years to come.

The broad spending cuts that were the fruits of the Republican Congress' budget obsession of the past few years have already cost the U.S. economy $351 billion in lost economic activity, according to a new study by the Center for American Progress. This austerity will cost a total of $633 billion by the year 2020, according to the study. 

Mark Gongloff: Deputy Managing Editor, Business And Tech, at the Huffington Post

Full story … 

Related:

How Austerity Wrecked the American Economy, Kevin Drum, Mother Jones

  • Republicans are fighting to cut spending, while America is trying to recover from the worst recession since WWII. Ted Cruz and the tea party are trying to shut down Washington and are instead losing sight of what‘s really wrong with the economy. And they are still working toward crippling the economy.
  • It's the Austerity, Stupid
  • Paul Krugman’s right: Austerity kills

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The Deteriorating Economic Outlook, Paul Craig Roberts, Dave Kranzler, and John Williams, Institute for Political Economy

  • The first quarter contraction, especially our corrected number, implies a second quarter negative real GDP. In other words, the years of Quantitative Easing (money printing) by the Federal Reserve has not resulted in economic recovery from the 2008 downturn and has not prevented further contraction.
  • The Crash of 2016 Gets Closer Every Day

 

From the Archives | Undocumented immigration: paying the price of NAFTA

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  • A study published by the Carnegie Endowment for International Peace in December 2009 explains how this worked out in practice. ("Rethinking Trade Policy for Development: Lessons from Mexico under NAFTA")
  • The Economics of Immigration Reform

Emile Schepers, People's World

Tue, 08/03/2010 | The rationale for NAFTA (North American Free Trade Agreement), which came into force Jan. 1, 1994, was Ricardian (after the Anglo-Italian classical economist David Ricardo, who thought that each country should specialize in the production that most suited its climate and other characteristics).

Much of Mexico's rural population was engaged in maize and wheat farming, which is much more productive in the vast plains of the central United States and Canada than in Mexico's more rugged terrain. So the idea was to push the grain farmers off the land and move them into specialized fruit and vegetable farming, and into manufacturing which was supposed to be attracted to Mexico by the cheap labor of displaced farmers.

INS%20Visa%20Approval%20Stamp.jpg More... 

Related:

The Economics Of Immigration Reform, Matt Corley and others, Think Progress
While anti-immigrant groups use anecdotal evidence to erroneously claim <http://cis.org/UnemploymentAmongNativeWorkers>  that legalization would be disastrous for the American worker, passing comprehensive immigration reform would not only strengthen the labor market, it would promote needed economic growth.

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